Simplification of legal structure

Nordea has been a Nordic bank for 15 years, and now it is time to change our legal structure accordingly.

Nordea has been a Nordic bank for 15 years, and now it is time to change our legal structure accordingly.

Nordea’s subsidiaries in Finland, Norway and Denmark were merged with the Swedish parent company Nordea Bank AB (publ) on 2 January 2017.  Following the merger, Nordea's banking services in Finland are provided by Nordea Bank AB (publ), Finnish Branch.  The merger is part of the on-going simplification of our processes, which aims at harmonising our operations and reinforcing Nordea's position in creating a bank for the future. With the merger, Nordea's banks in the Nordic countries form one strong company, to the benefit of our customers.

Nordea is committed to a strong presence in all Nordic countries also going forward, including Finland, where Nordea operates locally across the country. Decisions will continue to be made close to the customers, as always.

Customer services and banking to remain unchanged

The merger is a legal procedure that will have no effect on our customers. All banking services will remain the same as before. Nordea has a wide range of local operations in Finland, and decisions will still be made close to the customer, as always.

Amount of deposits guaranteed will remain the same

Following the simplification of Nordea’s legal structure on 2 January 2017, our customers' deposit guarantee and investors' compensation scheme became subject to Swedish law. The amount of deposits guaranteed will remain the same as now at EUR 100,000.

Timetable

Nordea's shareholders approved the merger plans at the Annual General Meeting held on 17 March 2016. The Swedish financial supervisory authority approved the plans in May 2016. Final authority approvals were obtained in December 2016. The mergers were executed on 2 January 2017 according to plans.

Communication

All customers who have an account with Nordea received information on the simplification of the legal structure in the spring of 2016. In the autumn of 2016, customers were informed that from the beginning of 2017 onwards, Nordea's banking services in Finland would be provided by Nordea Bank AB (publ), Finnish Branch. Customers received the information either in Netbank, by letter or when establishing a customer relationship. 

Frequently asked questions about the simplification of legal structureOpens new window

Bank supervision

Bank supervision

Following the change in Nordea’s legal structure on 2 January 2017, the main responsibility for the supervision of Nordea's operations in Finland was transferred to the Swedish supervisory authority. The Finnish Financial Supervisory Authority continues to supervise Nordea's operations in Finland in many ways either directly or in cooperation with the Swedish supervisory authorities. The Finnish Financial Supervisory Authority will also supervise compliance with Finnish law and the Finnish Financial Supervisory Authority's regulations in matters related to customer relationships. Nordea’s operations in Finland are also supervised by the European Central Bank within its jurisdiction, and other competent Finnish authorities.

Finnish Financial Supervisory AuthorityOpens new window

Swedish Financial Supervisory Authority (Finansinspektionen)Opens new window

Investors' compensation scheme
Deposit guarantee

Contact Nordea Customer Service  

Mon-Fri 8.00 - 18.00

0200 70000 (lnc/mcc*)

* local network charge/mobile call charge